Working in the mortgage system : setting an interest-free mortgage company
Fatawa Question
Assalamu Alaikum, I have been thinking to set-up a company where I can provide interest free mortgages to Muslim Ummah. I have spoken to some people and they tell me it will only work if you buy a house for the lender and then rent it to the lender until he pays up the whole loan. Obviously I need to look into the future value of the property and also I would like to make money so I can help other people. Could you please guide me, how this type of system can work in the West so I can start something quickly. I know there are so many needy people out there and I would like to help them.
Fatwa
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Publication Date
2002-05-23
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-725589
American Psychological Association (APA)
Qahf, Mundhir. 2002-05-23. Working in the mortgage system : setting an interest-free mortgage company. .
https://search.emarefa.net/detail/BIM-725589
Modern Language Association (MLA)
Qahf, Mundhir. Working in the mortgage system : setting an interest-free mortgage company. 2002-05-23.
https://search.emarefa.net/detail/BIM-725589
American Medical Association (AMA)
Qahf, Mundhir. 2002-05-23. Working in the mortgage system : setting an interest-free mortgage company.
https://search.emarefa.net/detail/BIM-725589
